Logan-Missouri Valley Country Club
- Assets
- $572.3k
- Revenue
- $395.9k
- Investments
- $0.0
- Employees
- 15
- Location
- Logan, IA
- Founding
- 08/1950
- Data as of
- 10/2022
- EIN
- 42-0662304
Organization Overview
Logan-Missouri Valley Country Club is located in Logan, IA. The organization was established in 1950. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Logan-Missouri Valley Country Club employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Logan-Missouri Valley Country Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2022, Logan-Missouri Valley Country Club generated $395.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $331.6k during the year ending 10/2022. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GOLF COURSE AND RESTAURANT FOR THE EXCLUSIVE USE OF MEMBERS AND THEIR GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heath Hack Key Employee | 40 | $70,215 | |
Randy Fetter President | Officer | 2 | $0 |
Mike Rowell Director | Officer | 2 | $0 |
Mike Davie Secretary | Officer | 2 | $0 |
Emil Gearhart Director | Trustee | 2 | $0 |
Jeremy Neil Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $144,892 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,892 |
| Total Program Service Revenue | $143,271 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $107,782 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,841 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,773 |
| Payroll taxes | $18,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $731 |
| Office expenses | $658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,022 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,491 |
| Insurance | $12,907 |
| All other expenses | $74,615 |
| Total functional expenses | $331,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,866 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $370,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $572,297 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $20,474 |
| Other liabilities | $12,200 |
| Total liabilities | $32,674 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $145,980 |
| Retained earnings, endowment, accumulated income, or other funds | $393,643 |
| Total liabilities and net assets/fund balances | $572,297 |
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